HR 4239
Affordable Housing Incentives Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Affordable Housing Incentives Act of 2019, aims to encourage the development of affordable housing by providing a tax benefit to public housing agencies. Specifically, it allows public housing agencies to sell real estate without recognizing a capital gain for income tax purposes if the property is used for affordable housing. This change extends the timeframe for replacing the sold property with similar property and clarifies the application of existing tax rules to these transactions.
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